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Many people who bought X-Game gaming systems over the holidays have complained that the systems they purchased were defective. In a sample of 1200 units sold, 18 units were defective.
a. Determine a 95% confidence interval for the percentage of defective systems. 0.00812 to 0.02188b. If 1.5 million X-Games were sold over the holidays, determine an interval for the number of defectives in sales. 12,184 to 32,816.
A sample of 100 mortgages approved during the current year showed that 31 were issued to a single-earner family or individual. The historical average is 25 percent.
A group of 20 sales associates agree to go through a week-long sales class to improve their productivity. The amount of their sales are computed for one month before and one month after the training course.
When modelling E(y) with single qualitative independent variable, number of 0 - 1 dummy variables in model is equal to number of levels of qualitative variable.
If the packets are sold in multi-packs containing six packets, what is the distribution of the number of prizes in a randomly chosen multi-pack?
Find the probability that student A made no mistakes when entering a randomly selected form. Find the probability that student B made no mistakes when entering a randomly selected form.
A new shopping mall is considering setting up an information desk manned by one employee. Based upon information obtained from similar information desks, it is believed that people will arrive at the desk at the rate of 15 per hour.
One thing you have learned is that the tangency portfolio will give you the maximum Sharpe ratio. Consequently, you have constructed such a portfolio. What are you portfolio weights.
A normal distribution with a mean time of 2:00pm and a standard deviation of 15 minutes. What is the probability that the mail will arrive later than 2:30pm?
Show the graph of the probability density function for flight time.
Workers at a large toxic clean up project are concerned that their white blood cell counts may have been reduced. Let x be a random variable that represents white blood cell count per cubic millimeter of whole blood in a healthy adult.
If two people are randomly selected, what is the probability both are hopelessly romantic? What is the probability at least one is hopelessly romantic.
If 100 stolen cars are randomly selected, what is the mean and standard deviation of the number of cars recovered after being stolen?
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